4
Map
1063 SHADOWLAWN Drive
About This Property
Surrounded by a neighborhood experiencing significant growth and transformation, the property is ideally suited for a luxury residential community, a collection of custom homes, or a private estate compound. The existing improvements are being offered at land value, creating an ideal canvas for a new owner to design and build without limitation.
Enjoy the rare advantage of a peaceful setting with water access to Naples Bay while remaining within close reach of the area's most sought-after destinations, including Fifth Avenue South, white-sand Gulf beaches, world-class dining, boutique shopping, and cultural attractions. Opportunities of this size and zoning designation within such close proximity to downtown Naples are increasingly difficult to find, making this a truly exceptional investment in one of Southwest Florida's most coveted markets.
Listed By
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 11, 2026 | Listed by William Raveis Real Estate | $3,695,000 | |
| Listed by William Raveis Real Estate | |||
| May 29, 2026 | No longer available | - | |
| No longer available | |||
| Apr 28, 2026 | Relisted | $3,695,000 | |
| Relisted | |||
| Apr 26, 2026 | No longer available | - | |
| No longer available | |||
| Oct 25, 2025 | Listed by William Raveis Real Estate | $3,695,000 | |
| Listed by William Raveis Real Estate | |||
| |||
|
Nearly 2 acres just minutes from downtown Naples—an exceptional development opportunity zoned for up to 11 residences! Set in a rapidly evolving area, this expansive property offers a rare chance to create a private enclave of luxury homes or a boutique residential development in one of Naples’ most desirable locations. With RMF-6 zoning allowing for up to 11 units or multiple single-family residences, the possibilities here are both flexible and compelling. The existing structures are being sold for land value and provide a clean slate for redevelopment, allowing a new owner to fully realize the potential of this unique offering. Tucked away on a quiet street with water access leading to Naples Bay, the setting delivers a rare combination of privacy, scale, and proximity—just moments from 5th Avenue South, the beach, and Naples’ premier dining and shopping. Large parcels this close to downtown are increasingly scarce, making this an outstanding opportunity for developers, investors, or those looking to build a signature residential compound in a high-growth area.
| |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017